NexGold achieves major permit win for Goldboro project in Nova Scotia
BY
Ben Graham
|
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NexGold Mining (TSXV: NEXG) has reached a significant permitting milestone by obtaining final federal approval for its Goldboro gold project in Nova Scotia.
The Fisheries Act authorizations (FAAs) issued by Fisheries and Oceans Canada (DFO) now allow the company to proceed with construction and future operations at the site.
The approvals, NexGold says, represent a “critical step” in the Goldboro project’s development. They specify the strict terms and conditions that enable the company to build and operate the gold mine. Additionally, the authorizations reaffirm NexGold’s ongoing commitment to engaging with the Mi’kmaq communities.
The Fisheries Act authorizations represent the last major federal approvals needed for the project, following the receipt of industrial approval from the Nova Scotia government in August this year.
The company initially applied for the FAAs in August 2023, and in December 2023, DFO notified NexGold that its application was complete. Consultations commenced in early 2024 and remained active throughout 2024 and 2025.
“Having received our industrial approval from the government of Nova Scotia in August, the receipt of the FAAs announced today provides NexGold with the last key permits required to advance towards construction and operations,” Kevin Bullock, CEO of NexGold, stated in a press release.
The Goldboro project, the first to be approved under Nova Scotia’s new phased approval process for mines, is expected to span 15 years, including development, 11 years of operation and remediation.
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